Tuesday, June 28, 2022

Two Reasons the LBI Real Estate Market is Not in a Bubble

 

Two Reasons the LBI Real Estate Market is Not in a Bubble






Long Beach Island Real Estate

There is a lot of concern about a drastic fall in home values across the LBI real estate market and elsewhere. While we cannot entirely rule out this as a possibility, it is crucial to understand that the data and facts point to a very different scenario in the Long Beach Island and national real estate market. It is easy to conclude that the rapid rise in home values will lead to an equally dramatic price crash (i.e., a real estate bubble like we saw in 2008), but this is a very different market. There are two principal distinctions between this market and the market 15 years ago: inventory and lending standards.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

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Sunday, June 26, 2022

LBI Real Estate Weekly Sales Update 06/19/2022-06/26/2022

 

LBI Real Estate Weekly Sales Update 06/19/2022-06/26/2022



Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 06/19/2022-06/26/2022: There were only 52 changes to the Long Beach Island real estate market this week, which is a bit of a decline in the overall market activity. As we enter the traditionally slower summer months, we can expect to see a more significant decrease in activity thanks to the changes in the financial markets worldwide. That said, the LBI real estate market is strong and this week showed more pending sales than new listings on the market. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 12 new listings entered the market with an average price of $2,667,742
  • 13 listings went under contract with an average listing price of about $2,411,377
  • 12 properties sold on Long Beach Island with an average price of $2,097,500
  • 6 listings saw price reductions in the LBI real estate market

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

More LBI Real Estate Information:

The Hidden Costs of Buying a Home in the Long Beach Island Real Estate Market

LBI Real Estate Closing

LBI Real Estate Wire Fraud

Ways to Use Equity in the LBI Real Estate Market

Wednesday, June 22, 2022

LBI Real Estate Market Appreciation vs Depreciation

 

LBI Real Estate Market Appreciation vs Depreciation








Long Beach Island Real Estate

There are a lot of questions in the financial world right now. Inflation is out of control, gas prices are through the roof, and interest rates are rising. This has left a lot of buyers and sellers wondering what the future holds for the Long Beach Island real estate market and the national real estate market in general. It seems clear that we are either in or are heading into a recession caused mainly by inflation. In this kind of environment, history has shown us that real estate tends to perform very well. Despite higher borrowing costs, there are many reasons to be optimistic about the future of the LBI real estate market. To understand the current state of the market and make some predictions on where the market is heading, we have to know if the market will appreciate, depreciate, and to what degree we will see a change.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

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Wednesday, June 15, 2022

Wire Fraud in the Long Beach Island NJ Real Estate Market

 

Wire Fraud in the Long Beach Island NJ Real Estate Market



Long Beach Island Real Estate

Unfortunately, buying or selling a home in the Long Beach Island real estate market can open consumers up to fraud and theft. Nowhere is this more possible in the course of an LBI real estate transaction than in the form of wire fraud. Most funds are sent via bank wires from deposits to final payouts, and criminals are becoming better and better at fooling buyers and sellers alike. All consumers in the LBI real estate market should be aware of wire fraud and understand how to protect themselves from it.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

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Tuesday, June 14, 2022

Essential Tips for LBI Real Estate Sellers in a Sellers Market

 

Essential Tips for LBI Real Estate Sellers in a Sellers Market








Long Beach Island Real Estate

There is no question that the LBI real estate market is seeing tremendous activity and that we are in a seller’s market…but that market is starting to change. Buyers and sellers alike know how strong market conditions are for sellers in the LBI real estate market. The low inventory and high demand favor sellers. Even in this competitive market, the fundamentals of price and marketing still matter, and all sellers should understand what this kind of market means on Long Beach Island.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

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Sunday, June 12, 2022

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 09/05/2021-09/12/2021

 

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 09/05/2021-09/12/2021








Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 06/05/2022-06/12/2022: While there were only 56 changes to the LBI real estate sales market this week, conditions once again showed some improvement for buyers. Inventory increased (slightly), and that seems to be the current trend! You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 17 new listings entered the market with an average price of $2,106,929
  • 14 listings went under contract with an average listing price of about $1,804,200
  • 10 properties sold on Long Beach Island with an average price of $1,768,738
  • 9 listings saw price reductions in the LBI real estate market

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

More LBI Real Estate Information:

LBI Real Estate Closing

Ways to Use Equity in the LBI Real Estate Market

The Hidden Costs of Buying a Home in the Long Beach Island Real Estate Market

How to Hit Your LBI Real Estate Homebuying Goals

Selling Homes in the LBI Real Estate Market